If you're looking to take advantage of the tax benefits as a self employed individual AND invest in alternative assets be sure the company you go with also offers that ability.   

In the event that you choose to sell, look into alternative real estate investment alternatives that fit your investment objectives or have a higher prospective cash flow.To obtain tailored guidance based on your entire financial circumstances and goals, speak with a tax counsellor, real estate agent, or financial advisor.Keep up with the current and developments of the regional real estate market.

You’re trying to list a MTR and you didn’t list it in the only site specifically geared to MTR?

They didn't specify specifics, but they said that they will work out a new rent schedule to account for the transfer of costs from yourself to them for heating and cooling.Incidently, they were trying out these new window heat pumps that look like a horseshoe. 

Is any land dedicated to specific residential dwelling?

Go put your 600k in to a short term treasure bill and collect your 5% until you have educated yourself enough to know exactly what,where, and why a piece of real estate works for your specific situation.

I'd probably need a mentor too.The second alternative you stated is indeed less intensive than a BRRRR given I have a full-time job that is highly travel-intensive.

I've worked with clients that have had to put more money up front into the transaction because the specific bank they wanted to work with required it.

If so, any suggestions on what alternatives we should consider?

If it is up here, drop a comment and I can more specifically share and give insights.